In a bid tomake tax filing easier, the Reserve Bank of India (RBI) Wednesday directed 926branches of public and private sector banks in Mumbai to accept advance incometax.
Of the 926 bank branches, 862 branches are public sector bank branches, the RBIsaid in a statement.
Of the private sector bank branches, 35 are of HDFC bank, 10 of ICICI Bank and19 of AXIS Bank.
The Reserve Bank of India has advised income tax assessees to take advantage ofthese standing arrangements made for their convenience.
"Long queues and inconveniences can be avoided at the Reserve Bank ofIndia counters if the assessees in Mumbai and Navi Mumbai utilise the services beingmade available at various designated branches of banks and deposit their incometax dues well in advance of the last date," the RBI said.
"These arrangements have been made for the convenience of the income taxassessees," it said.